Stifel Financial Corp Has $2.59 Million Holdings in Himax Technologies, Inc. (NASDAQ:HIMX)

Stifel Financial Corp lifted its stake in shares of Himax Technologies, Inc. (NASDAQ:HIMX) by 4.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 470,526 shares of the semiconductor company’s stock after acquiring an additional 21,607 shares during the period. Stifel Financial Corp owned approximately 0.27% of Himax Technologies worth $2,588,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in HIMX. Acadian Asset Management LLC raised its stake in shares of Himax Technologies by 31.2% in the 2nd quarter. Acadian Asset Management LLC now owns 3,369,618 shares of the semiconductor company’s stock valued at $26,728,000 after purchasing an additional 800,684 shares during the period. Robeco Institutional Asset Management B.V. raised its position in Himax Technologies by 32.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,665,858 shares of the semiconductor company’s stock valued at $9,162,000 after buying an additional 407,400 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in Himax Technologies by 49.6% in the 3rd quarter. Point72 Asset Management L.P. now owns 868,500 shares of the semiconductor company’s stock valued at $4,777,000 after acquiring an additional 288,000 shares in the last quarter. Polunin Capital Partners Ltd bought a new stake in Himax Technologies in the 2nd quarter valued at approximately $6,358,000. Finally, Point72 Hong Kong Ltd acquired a new position in Himax Technologies during the 2nd quarter worth approximately $5,817,000. 69.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird boosted their price objective on shares of Himax Technologies from $7.00 to $15.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th.

Himax Technologies Price Performance

Shares of NASDAQ HIMX opened at $7.64 on Thursday. Himax Technologies, Inc. has a fifty-two week low of $4.80 and a fifty-two week high of $9.80. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 17.36 and a beta of 2.07. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.64 and a quick ratio of 1.37. The business has a 50-day moving average of $6.07 and a 200-day moving average of $6.36.

Himax Technologies (NASDAQ:HIMX) last posted its quarterly earnings results on Thursday, November 7th. The semiconductor company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.03. The firm had revenue of $222.40 million for the quarter, compared to analyst estimates of $205.93 million. Himax Technologies had a return on equity of 9.06% and a net margin of 8.77%. The business’s quarterly revenue was down 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.06 EPS.

Himax Technologies announced that its board has authorized a share repurchase program on Wednesday, December 4th that allows the company to repurchase $20.00 million in outstanding shares. This repurchase authorization allows the semiconductor company to repurchase up to 1.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Himax Technologies Company Profile

Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies in China, Taiwan, the Philippines, Korea, Japan, Europe, and the United States. The company operates in two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers that are used in televisions, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, and other products.